Finance Professors Say Bitcoin Is ‘Not Backed By Anything’ — Yet Crypto Investors Are Defying The Critics
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The battle lines are drawn in finance classrooms and investment circles: Is cryptocurrency a legitimate asset class or elaborate digital snake oil? While professors dismiss Bitcoin as “not backed by anything,” a growing chorus of investors argue on reddit that the traditional financial establishment is “wildly behind” on understanding what could be the next generational wealth opportunity.
The crux of the crypto debate hinges on a fundamental question most people never consider: What gives any currency its value?
Traditional defenders point to the U.S. dollar’s backing through government “full faith and…
